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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (12411)	5/3/2001 11:34:19 PM
From: jeffbas	Read Replies (1) \| Respond to of 78744

I am reminded of Eagle Picher, a big company I owned for a while more than 10 years ago, maybe even 20. Big sales and big earnings, and unmanageable asbestos exposure. I got out not too long before the roof fell in and have never looked again at these companies with unquantifiable liabilities like this. They are cheap for a reason and I challenge anyone to accurately assess the risks. I do not like stocks where I am gambling that the big problem that I can't quantify and is not covered by actual, accurate and adequate reserves on the balance sheet will not bury the stock while I own it, and that a bigger fool will come along to take my stock at a higher price.